This is a rare opportunity to acquire a diversified 26-unit residential rental portfolio spread across five established locations in West Asheville and Leicester, North Carolina. The portfolio includes two mobile home parks—Holly Hills MHP and Cedar Hill Mobile Home Village—offering a stable tenant base and strong local demand for affordable housing. Holly Hills consists of one single-family home and six mobile homes, while Cedar Hill features thirteen units with ample space for additional development.
The portfolio also includes four single-family rentals—one doublewide and three houses—and three vacant lots, allowing for creative redevelopment or future resale. Current in-place cash flow, coupled with below-market rents, creates immediate income with significant upside potential. Investors will appreciate the expansion opportunity for eight additional lots at Cedar Hill, unlocking further value. With strong local housing demand and limited comparable inventory, this asset positions buyers to capitalize on both stable returns and longer-term appreciation.